Market data entitlement
A market data entitlement is the permission, attached to a specific login and billed by the exchange or the data provider, that determines which data that login may receive: which exchanges, which instruments, live trades only or resting depth as well, how many book levels, and whether historical trades or historical depth are included. It is separate from the charting software licence.
Senzoukria · Glossary · Updated September 2026
Four things sold separately
The software licence, the market-data subscription, the exchange entitlement and the account permissions are distinct. Buying charting software does not buy exchange data; opening a futures account does not automatically include depth; and a working login does not establish what that login is entitled to receive. Each capability is entitled on its own: live executions with an aggressor side, resting depth to a stated number of levels, historical trades for replay, and historical depth, which cannot be reconstructed from trades after the fact.
| Capability | Needed for | Typical source of the entitlement |
|---|---|---|
| Live trades with aggressor side | Footprint, delta, tape | Exchange fee via broker or provider |
| Live depth, N levels per side | DOM, heatmap | Depth entitlement at the venue |
| Historical trades | Replay, footprint backtests | Broker archive or dataset licence |
| Historical depth | Heatmap replay, book backtests | Recorded dataset licence |
Where the entitlement comes from
- Rithmic: credentials are issued by your broker or prop firm, and the depth levels and history you receive depend on that account, not on the charting application.
- Databento: each dataset, such as CME's GLBX.MDP3, carries its own licence on your plan; live and historical are checked separately.
- Crypto public feeds: Binance and Bybit publish trades and depth without an account, but redistribution and commercial use are governed by the venue's terms.
- Professional versus non-professional status changes the fee and sometimes the data available; the exchange decides the category.
In Senzoukria
The connection manager in the desktop application lists each source with what it requires. The Rithmic Direct entry states that the feed needs a market-data entitlement on the chosen plant, and that a free trial login is not enough; paper and live plants are separate. The Databento entry states that a live licence on the relevant dataset is required on your plan, and that it provides market data only, no orders. The Binance entry states that its public feed needs no account, credentials or subscription.
When a broker refuses a historical request, the auto backtest panel reports the refusal code and says that historical bars are a broker entitlement, not an application setting. On the heatmap ladder, the depth title shows how many levels the feed actually publishes on each side and notes that this is not a display setting. None of these screens can grant an entitlement; they report what the login received.
Checking before configuring a chart
- Confirm the exchange and the exact instrument the login covers.
- Ask whether depth is included, and to how many levels.
- Ask whether historical trades exist, and whether historical depth exists at all.
- Keep the error text and the requested interval when a request is refused; it identifies which entitlement is missing.
Related
- Rithmic footprint software
- NQ and MNQ order flow
- Free footprint charts
- Level 2 data (market depth)
- Historical depth
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Frequently asked questions
- Does a demonstration video prove that my account will show the same data?
- No. A demonstration shows the data reached by the presenter's entitlements. Your login may cover fewer exchanges, fewer depth levels or no history. The only way to know is to connect your own credentials and read what the feed reports for each capability.
- Are market data fees included in the software subscription?
- Usually not. Exchange and vendor market-data fees, including depth entitlements, are billed by the venue or the data provider and are separate from any software licence. Senzoukria's pricing covers the application; data from Rithmic, Databento or any other provider is billed by that provider under its own terms.
- Can historical depth be added later by recording?
- Only from the moment recording starts. Depth events that were not captured cannot be rebuilt from trades, because trades only tell you what executed, not what was resting. Historical depth for a past period has to be licensed from a provider that recorded it.